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IHS Market: US corporate activity slowed in September
How was risk appetite affected during the US Fed's testimony?
After the release of several economic data today in the euro zone, along with the decision of the New Zealand Reserve, the markets follow the second day of the testimony of Jerome Powell, Governor of the US Federal Reserve. According to expectations, Powell's testimony will have an impact on risk appetite in the markets, along with developments in the Corona virus. The following are the most important events affecting risk appetite during the day:
The most important events affecting risk appetite in the markets today:
The Reserve Bank of New Zealand announced this morning its interest rate decision, which met expectations to keep interest rates unchanged at 0.25% levels. Despite the positive points mentioned in the interest statement issued by the New Zealand Reserve, the bank’s signals of the possibility of a negative interest trend had a negative impact on the movements of the New Zealand dollar.
Retail sales data was released in Australia this morning by the Australian Bureau of Statistics, which showed that the index fell below zero levels again after the index recovered over the past months.
There were a number of important economic data in the euro area this morning, including the preliminary reading of the service sector and manufacturing sector data in the euro area during the month of September, which contrasted with the contraction of the service sector in the major economies and the euro area as a whole.
The American Petroleum Institute released US oil inventories data on Tuesday evening, which showed an increase in US oil inventories during the week ending on September 18th, contrary to market expectations of a decline.
